V.A.C.K. Herath
Loan requested $250.00
Loan issued $250.00
Funds raised $125.00
Sector Agriculture
Repayment term in months 24.0

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About V.A.C.K. Herath

Kumari is from the a village in Kadadorapitiya in the Puduluoya area in the NuwaraEliya District. Kumari is new to BMI and has applied for a loan amounting to LKR 30,000/-. Kumari is engaged in vegetable cultivation. The NuwaraEliya District is ideal for vegetable cultivation and is one of the country’s main vegetable sources. Kumari has been involved in cultivation for the past 2 years and is well experienced. She earns an income of LKR 15,000/- per month from this business. Kumari is married and her husband works as a three-wheeler taxi driver. They have one infant son and her parents who live with them. Kumari is very motivated and aspires to be one of the main vegetable suppliers in the area. She intends to use the money for improvements required so as to have a larger produce in the future. She hopes that BMI will assist her to achieve her goals.

Partner MFI
Name: Berendina Microfinance Institute Ownership: Non profit
Year Founded: 2007 Partner Since: 2012
Interest Rate: 25.0 % Target Clients: Economically active and inactive poor
Repayment overview

Total Funded Amount = $125.0
Total Loan Amount = $250.0

Repayment Overview chart

Note: This chart indicates the repayment by entrepreneurs on the principal amount. The actual repayment amounts include the interest on the loan and will be different.
Progress Report
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UnitedProsperity.org is a U.S. 501(c)3 non-profit organization